The central bank of Azerbaijan left the key discount rate unchanged at a three-year high of 7.75% on June 17th 2022, as the bank sees inflation to lower by the end of this year, as strong nominal effective exchange rates more than offset rise in imported inflation. Policymakers also noted inflation to return to its target range in the medium term and the current account surplus to grow sharply by end of 2022 with rising export prices, particularly of natural gas. Further, economic activity in the country beats expectations and the levels of employment are also rising. source: Central Bank of the Republic of Azerbaijan
Interest Rate in Azerbaijan averaged 6.87 percent from 2005 until 2022, reaching an all time high of 15 percent in September of 2016 and a record low of 2 percent in December of 2009. This page provides the latest reported value for - Azerbaijan Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Azerbaijan Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2022.
Interest Rate in Azerbaijan is expected to be 8.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Azerbaijan Interest Rate is projected to trend around 5.00 percent in 2023 and 4.00 percent in 2024, according to our econometric models.